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With Yields Sinking Everywhere, Gold Just Hit New All-Time Highs…

“It is no longer absurd to think that the nominal yield on U.S. Treasury securities could go negative,” Joachim Fels, PIMCO’s global economic advisor, warned investors last week. “Whenever the world economy next goes into hibernation, U.S. Treasuries—which many investors view as the ultimate ‘safe haven’ apart from gold—may be no exception to the negative yield phenomenon.”

With Yields Sinking Everywhere, Gold Just Hit New All-Time Highs… Read More »